Risk of Surging Fuel Oil Prices
First written in FY2016. 10 of 20 entries say "Restated". Latest entry: 2026-08-12.
Azuma Shipping moved to the "Worse" side of this theme in 2026, 5 years after the typical company in this theme (2021).
The whole theme swung hardest in 2026: 8 of 13 companies on the "Worse" side.
7 other companies' latest entry also says "Worsened".
- 2026-08-12WorsenedEarnings
「Fluctuations in energy prices associated with heightened geopolitical risks in the Middle East」
The disclosure explicitly links fluctuations in energy prices to geopolitical risks in the Middle East. - FY2026WorsenedAnnual report
「Rising geopolitical tensions and the outbreak of conflicts in the Middle East could trigger a sharp increase in crude oil prices, and the resulting surge in fuel costs could affect the performance and other aspects of the Group.」
Regarding fuel price risk, geopolitical tensions and conflicts in the Middle East are explicitly identified as specific factors that could cause a sharp rise in crude oil prices. - FY2024-Q3RestatedAnnual report
「In the logistics industry, although production-related cargo was affected by supply constraints stemming from persistently high raw material and fuel prices and labor shortages, companies' willingness to invest in facilities remained firm, and signs of a recovery emerged.」
Persistently high raw material and fuel prices continue to be cited as factors behind supply constraints. - FY2024-Q2WorsenedAnnual report
「For coastal cargo vessels, although the volume of general cargo transported, including construction surplus soil and gypsum, increased, costs rose due to higher fuel prices and charter rates.」
Higher fuel prices and charter rates continue to affect the shipping business through increased costs, and fuel and operating cost risks are worsening. - FY2023WorsenedAnnual report
「For coastal cargo vessels, although the volume of general cargo transported, including construction surplus soil and gypsum, increased, costs rose due to higher fuel prices and charter rates.」
Higher fuel prices and charter rates are affecting the full-year shipping business through increased costs. - FY2023-Q3RestatedAnnual report
「In the optimization business, which aims to stabilize earnings, difficult conditions continued due to higher costs, including fuel expenses.」
Higher costs, including fuel expenses, continue to be cited as a factor behind the difficult conditions in the optimization business. - FY2023-Q2WorsenedAnnual report
「For coastal cargo vessels, although the volume of general cargo transported, including construction surplus soil and gypsum, increased, costs rose due to higher fuel prices and charter rates.」
Higher fuel prices and charter rates are affecting the actual shipping business through increased costs. - FY2023-Q1RestatedAnnual report
「In the optimization business, which aims to stabilize earnings, improvement was limited due to higher fuel costs and sluggish cargo volumes.」
Higher fuel costs continue to be cited as a factor constraining improvement in the optimization business. - FY2022RestatedAnnual report
「The Group regularly conducts market research on fuel prices and implements measures such as bulk purchases of fuel from multiple suppliers.」
The company is reconfirming its response to the risk of surging fuel prices through market research and bulk purchases from multiple suppliers. - FY2022-Q3RestatedAnnual report
「Meanwhile, costs increased due to surging fuel prices.」
Higher costs due to surging fuel prices continue to affect the marine transportation business. - FY2022-Q2WorsenedAnnual report
「Meanwhile, costs increased due to surging fuel prices.」
Surging fuel prices have actually increased costs in the marine transportation business, indicating that fuel price risk has worsened. - FY2021MitigatedAnnual report
「The Group regularly conducts market research on fuel prices and implements measures such as bulk purchases of fuel from multiple suppliers.」
In response to the risk of surging fuel prices, the company explicitly identifies market research and bulk purchases from multiple suppliers as countermeasures. - FY2021-Q3RestatedAnnual report
「Although total cargo volumes handled in the marine transportation business declined due to these factors, the company worked to reduce vessel operating expenses and fuel costs.」
Amid declining cargo volumes in the marine transportation business, the company continues to work on reducing vessel operating expenses and fuel costs. - FY2020-Q3RestatedAnnual report
「Although total cargo volumes handled in the marine transportation business declined, the company worked to optimize the allocation of coastal general cargo vessels and reduce port charges, fuel costs and other expenses.」
Amid declining cargo volumes, the company continues to work on efficient vessel allocation and reductions in port charges, fuel costs and other expenses. - FY2020-Q2MitigatedAnnual report
「Although total cargo volumes handled in the marine transportation business declined due to these factors, the company worked to acquire new cargo for ocean-going general cargo vessels, optimize the allocation of coastal general cargo vessels, and reduce port charges, fuel costs and other expenses.」
The company states that it worked to reduce fuel costs and other expenses, indicating measures to address fuel prices and operating costs. - FY2019RestatedAnnual report
「However, the business environment became challenging against a backdrop of labor shortages, including a shortage of drivers, and rising fuel prices.」
Rising fuel prices continue to be cited, along with labor shortages, as a factor contributing to the challenging business environment. - FY2019-Q3RestatedAnnual report
「The business environment became challenging against a backdrop of labor shortages, including a shortage of drivers, and rising fuel prices.」
Labor shortages and rising fuel prices continue to be cited as factors contributing to the challenging business environment. - FY2019-Q2WorsenedAnnual report
「The business environment became challenging against a backdrop of labor shortages, including a shortage of drivers, and rising fuel prices.」
Rising fuel prices are explicitly identified, along with labor shortages, as a factor contributing to the challenging business environment. - FY2017RestatedAnnual report
「Fuel oil expenses account for a significant portion of vessel operating and truck transportation costs. The Group owns many vessels, trucks and tractors, and a surge in fuel oil prices resulting from political conditions in oil-producing countries or changes in oil production could affect the Group's results.」
The risk that rising fuel oil prices will affect vessel and truck transportation costs and results is being reconfirmed. - FY2016First statedAnnual report
「Fuel oil expenses account for a significant portion of vessel operating and truck transportation costs.」
Because the company owns many vessels, trucks and other vehicles, it identifies fuel price increases resulting from political conditions in oil-producing countries and changes in oil production as a risk.